£2m raised through crowdfunding

Borrow A Boat has raised money through crowdfunding Borrow A Boat has raised money through crowdfunding
Industry Database

Borrow A Boat has raised almost £2m through crowdfunding.

The company, that is aiming to be the Airbnb for boats, was formed in 2016 and since then has grown to have more than 22,000 boats listed for people to charter in more than 65 countries.

“How people go boating is changing – and Borrow A Boat is providing the 21st century solution,” said a company spokesman. “With charter boats of all types including peer-to-peer vessels, Borrow A Boat brings maximum choice to boaters and our website and app allow short notice and on-demand, on-location boating.”

The company previously raised money through crowdfunding in 2017 and since then has rebuilt its website, grown its team from four to 13 and achieved 300% of revenue turnover.

Charter market

It is aiming to be the largest boat charter marketplace worldwide, gaining an increased share of the global charter market.

“The global boat charter market is a mature £50bn global market, yet pent-up demand for boating also exists as many people are still put off of boating by the perception of the requirement to buy a boat,” said the spokesman. “Borrow A Boat makes it easier than ever for people new to boating, while also better serving the existing mature market, which is fragmented and in need of a global marketplace booking solution.”

The latest crowdfunding follows two previous rounds – in 2018 £1.5m was raised and in 2017, almost £470,000 was raised.

It is backed by venture capital partner Edition Capital.

In Summer 2019 Borrow A Boat Plus was launched – a link-up with a superyacht central agent that has been bringing in new revenue for luxury crewed charter.

Latest Press Releases

Entries are Open for The International Paint Poole Regatta 2020

Enter the International Paint Poole Regatta today at pooleregatta.co.uk. Read more

MS Amlin Are Doing the Double

MS Amlin Boat Insurance is doing the double by sponsoring the International Paint Poole Regatta and,... Read more

Fifteen Young People Set Sail for the First Time with The Poole Boat Show and Ocean Youth Trust South

In August 2019 15 Dorset teenagers set sail with the Ocean Youth Trust South for their first ever sa... Read more

What does sailing mean to Sir Robin? - Episode 10 of 80 Seconds with Sir Robin Knox-Johnston

Sir Robin Knox-Johnston is a household name in the world of sailing and beyond, but did he ever have... Read more

The Poole Harbour Boat Show Exhibitor Stand Space and Sponsorship Sales Open Now

The Poole Harbour Boat Show is now officially launched for a return in 2020 to the spectacular boati... Read more

Barton Marine take key role in showcasing UK Manufacturing Excellence

New for 2019 the Southampton Boat Show, powered by Borrow a Boat will be welcoming visitors into the... Read more

View all